Wealth Management in Westerly, RI

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Westerly, RI Wealth Management Firms

Washington Trust
SEC File# 801-18403
CRD# 110407
4 out of 5
Location 126 Franklin St, Westerly, RI 02891, USA
Phone (401) 348-1367
Language http://www.washtrust.com/
Time Monday: 8:30 AM – 5:00 PM Tuesday: 8:30 AM – 5:00 PM Wednesday: 8:30 AM – 5:00 PM Thursday: 8:30 AM – 5:00 PM Friday: 8:30 AM – 6:00 PM Saturday: 8:30 AM – 12:00 PM Sunday: Closed
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Abenn & Clark Financial Group
Location 12 Broad St # 1, Westerly, RI 02891, USA
Phone (401) 315-2211
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Boston Harbor Wealth Advisors
Location 31 Crestview Dr Unit 5, Westerly, RI 02891, USA
Phone (401) 642-4333
Language https://www.raymondjames.com/neilanthes
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Wealth Management in Westerly, RI

Where Wealth Management Advisors in Westerly, RI Serve

Westerly, RI is a charming coastal town located in the southwestern corner of Rhode Island. With its picturesque beaches and historic landmarks, it's no wonder that this town is a popular tourist destination. Some of the most notable landmarks include the Watch Hill Lighthouse, the Granite Theatre, and the Babcock-Smith House. But Westerly is more than just a pretty face - it's also home to a number of top employers, including the Westerly Hospital, the Electric Boat Corporation, and the Ocean House Hotel. These companies provide jobs for thousands of residents and contribute to the local economy. When it comes to transportation, Westerly is conveniently located near several major highways, including Interstate 95 and Route 1. This makes it easy for residents and visitors alike to travel to nearby towns and cities. As for neighborhoods, Westerly has a diverse mix of residential areas, from the historic homes in the downtown area to the beachfront properties in Watch Hill.

Services Provided by Wealth Management Companies

Banks and Credit Unions

Residents of Westerly, RI can benefit from a bank in numerous ways. Firstly, a bank can provide them with financial services such as checking and savings accounts, loans, and credit cards. This can help them manage their finances better and achieve their financial goals. Secondly, a bank can offer investment opportunities that can help residents grow their wealth over time. This is particularly important in Westerly, RI, which is a popular tourist destination. With the influx of visitors, residents can leverage investment opportunities to capitalize on the growth of the local economy. Lastly, a bank can provide financial education to residents, which can help them make informed decisions about their money. This is particularly important in Westerly, RI, which has a high cost of living. Financial education can help residents manage their expenses and save money for the future. Overall, a bank can be a valuable resource for residents of Westerly, RI, helping them achieve financial stability and security.

Insurance Broker

Residents of Westerly, RI would greatly benefit from the services of an insurance broker in a multitude of ways. For instance, an insurance broker can help residents navigate the complex world of healthcare insurance, which is especially important in Westerly, where the population is primarily made up of retirees. With an aging population, many residents may require specialized medical care, and an insurance broker can help them find the most comprehensive coverage at a reasonable cost. Additionally, Westerly is located in a coastal area, which makes residents more susceptible to natural disasters such as hurricanes. An insurance broker can help residents obtain the proper insurance coverage to protect their homes and belongings in the event of a natural disaster. Overall, an insurance broker can provide invaluable assistance to residents of Westerly, helping them navigate the complexities of insurance and ensuring they are adequately protected in all aspects of their lives.

Retirement Planning

Residents of Westerly, RI can benefit from the guidance of a retirement planner in several ways. Firstly, a retirement planner can help them create a personalized retirement plan that takes into account their unique financial situation and goals. This is especially important in Westerly, RI, where the cost of living is relatively high compared to other parts of the state. Secondly, a retirement planner can help residents of Westerly, RI navigate the complex world of retirement savings and investment options, ensuring that they are making the most of their money. Finally, a retirement planner can provide ongoing support and guidance as residents of Westerly, RI navigate the many challenges of retirement, including healthcare costs, tax planning, and estate planning. Overall, working with a retirement planner can help residents of Westerly, RI achieve greater financial security and peace of mind as they approach retirement.

Financial Advisor

Residents of Westerly, RI could benefit from the expertise of a financial advisor in a variety of ways. One specific area where a financial advisor could be particularly helpful is in navigating the local real estate market. Westerly is a coastal town with a mix of year-round residents and seasonal visitors, which can make buying or selling a home a complex process. A financial advisor could help residents understand the current market conditions, evaluate their options for financing a home purchase, and develop a long-term plan for building equity in their property. Additionally, a financial advisor could provide guidance on managing other aspects of personal finance, such as retirement planning, saving for college, and investing for the future. By working with a financial advisor, residents of Westerly can feel more confident in their financial decisions and better prepared for whatever the future may hold.

Mortgage Loan Officer

Residents of Westerly, RI would benefit from the expertise of a mortgage loan officer in a multitude of ways. Firstly, with its prime location on the coast, Westerly is a highly sought-after area for homebuyers, making the housing market incredibly competitive. A mortgage loan officer can help residents navigate this complex market and secure the best possible terms for their home loan. Additionally, Westerly is a town with a rich history and a unique architectural aesthetic. A mortgage loan officer with experience in historic homes can guide residents through the process of obtaining financing for these properties, which often come with unique challenges. Finally, with Westerly's proximity to both Providence and New York City, residents may be interested in investment properties or vacation homes. A mortgage loan officer can offer guidance on financing options for these types of properties, helping residents achieve their real estate goals.

Tax Services

Residents of Westerly, RI could benefit from the expertise of a tax advisor in a variety of ways. One specific aspect unique to Westerly is the town's proximity to the Connecticut border, which can lead to complicated tax situations for those who work or own property in both states. A tax advisor can help navigate the intricacies of filing taxes in both Rhode Island and Connecticut, ensuring that residents are not overpaying or facing penalties. Additionally, a tax advisor can assist with tax planning and preparation, maximizing deductions and credits to reduce tax liability. For small business owners in Westerly, a tax advisor can provide guidance on business tax laws and regulations, helping to avoid costly mistakes and ensure compliance. Overall, a tax advisor can provide valuable support and peace of mind for residents of Westerly, RI, navigating the complexities of the tax system and helping to minimize tax obligations.

Estate Planning Lawyer

Residents of Westerly, RI can benefit from the services of an estate planning lawyer in a multitude of ways. Firstly, an estate planning lawyer can help residents create a comprehensive estate plan that ensures the smooth transfer of their assets to their beneficiaries upon their passing. This is especially important in Westerly, RI, where the median home value is significantly higher than the national average. Additionally, an estate planning lawyer can assist residents in setting up trusts, which can help protect their assets from creditors and ensure their loved ones are taken care of in the event of their incapacitation or death. Furthermore, an estate planning lawyer can help residents minimize their tax liabilities, which can be particularly important for those who own businesses or have significant investments. In short, an estate planning lawyer can provide Westerly, RI residents with peace of mind knowing that their assets are protected and their loved ones are taken care of.

FREQUENTLY ASKED QUESTIONS

Comprehensive Wealth Management FAQs

Westerly, RI is a town that is rich in history and natural beauty. A wealth manager in Westerly can provide a range of services to help clients achieve their financial goals. These services may include investment management, retirement planning, estate planning, tax planning, and more. With its picturesque coastline and charming downtown area, Westerly is an ideal location for those seeking a peaceful and prosperous life. The wealth manager can help clients navigate the complexities of the financial world and create a customized plan that is tailored to their unique needs. From managing investments to creating a comprehensive estate plan, the wealth manager in Westerly can provide the guidance and support needed to achieve financial success. With its rich cultural heritage and stunning natural scenery, Westerly is a town that is full of opportunity, and the wealth manager can help clients make the most of it.

Westerly, RI is an idyllic coastal town that boasts a thriving economy and a high quality of life. With its picturesque beaches, charming downtown area, and abundance of recreational activities, Westerly is a highly sought-after location for those looking to settle down and enjoy the finer things in life. When it comes to managing one's wealth, Westerly is undoubtedly the best place to be. The town is home to a diverse range of financial professionals, including some of the most experienced and knowledgeable wealth managers in the industry. These experts are well-versed in the unique financial landscape of the area and are equipped with the tools and resources needed to help clients achieve their financial goals. Whether you are looking to invest in the local real estate market or plan for retirement, Westerly's wealth managers have the expertise and insight needed to help you succeed. So if you're looking for a trusted partner to help you manage your wealth, look no further than Westerly, RI.